Join Our Email List

Tax Breaks in Store for Short Sellers

The U.S House of Representative has agreed not to consider mortgage forgiveness as income in connection with a short sale. This is an extension of the Mortgage Debt Forgiveness Act of 2014 and provides a measure of protection to those owners able to complete a short sale. See more on the subject at: http://www.housingwire.com/articles/32265-short-sale-tax-break-passes-in-house